Please enable JavaScript.
Coggle requires JavaScript to display documents.
Poverty Terms (Working Poor (Top 1% (Middle Class (The social group…
Poverty Terms
Working Poor
Top 1%
Middle Class
The social group between the upper and working classes, including professional and business people and their families.
-
The “working poor” are people who spend 27 weeks or more in a year in the labor force either working or looking for work but whose incomes fall below the poverty level.
-
Marxism
The political and economic theories of Karl Marx and Friedrich Engels, later developed by their followers to form the basis of communism.
-
Colonization
The action or process of settling among and establishing control over the indigenous people of an area.
Capitalism
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Free Market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.
Economic development
Efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
Income Inequality
Is the unequal distribution of household or individual income across the various participants in an economy.
World Bank
An international financial institution that provides loans to countries of the world for capital projects.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale.
-